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Dec 1, 2012
12/12
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democrats want high tax rates for the wealthy. the president stressed the urgency of the situation in the radio address. >> if congress does nothing. every family will see the income taxes go up in the beginning of next year. a family of four will see income taxes rise $2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the president should quit his campaign mode and come home and take care of business. the latest round of political maneuvering involves pressure from democrats to schedule a vote on the senate plan to extend middle class cuts. but republicans say let's see spending cuts first. >> we need to hear they are willing to make spending cuts now. not promises in the future . the tidal waves comingalt us is social security and medicare and of course, the new health care law of the presidents which is unaffordable and unworkable. >> nancy peel peel calling on speaker boehner to bring it to the floor or she will launch a move to force a vote. boehner is not likely
democrats want high tax rates for the wealthy. the president stressed the urgency of the situation in the radio address. >> if congress does nothing. every family will see the income taxes go up in the beginning of next year. a family of four will see income taxes rise $2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the president should quit his campaign mode and come home and take care of business. the latest round...
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the republicans say you're raising tax too much. two years later as we stand on the precipiceave cliff, suddenly this plan as seen as the mosterably thing in town and people are coming to you to find out your sage advice. what happened in those two years? >> well, the people woke up. i think young people are waking up. you can't do this. you can't tax your way out of this hole. you can't grow your way out of this hole. we had every economist say you could have double-digit growth for 20 years and can't get out of the hole. you can't cut spending out of your hole. we got five democrats, five republicans, ranging from dick durbin to illinois-- great progressive democrat-- and coburn from oklahoma, and five dems, five republicans, one independent, that's a super majority. and for god's sake the reason we were so successful is that we effectively pissed off everybody in america. ( laughter ). >> jon: congratulations, sir. kudos. kudos to you. ( applause ) so now, as you watch these competing plans, you watch the president has submitted
the republicans say you're raising tax too much. two years later as we stand on the precipiceave cliff, suddenly this plan as seen as the mosterably thing in town and people are coming to you to find out your sage advice. what happened in those two years? >> well, the people woke up. i think young people are waking up. you can't do this. you can't tax your way out of this hole. you can't grow your way out of this hole. we had every economist say you could have double-digit growth for 20...
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Nov 29, 2012
11/12
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KNTV
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rates from going up on the middle class now. >> we're not going to raise taxes on those people. i think we ought to go ahead and make that abundantly clear to everybody and take them out of the negotiations. >> reporter: bottom line, no deal yet. both sides are still talking. and both sides signaling that they're willing to give up something to get this done and get it done on time. tracie potts, nbc news, washington. >>> on the international front now, happening now, palestinians are rallying today in anticipation of tonight's u.n. vote to recognize a palestinian state. there's hope in the west bank that the 193-member general assembly will accept palestine as a non-member observer state. they anticipate broad support which is more of a symbolic gesture. martin fletcher is in the region and has filed this report. >> reporter: it's a big day in ramada on the west bank. the palestinian leaders have called for palestinian being accepted as a non-member state of the united nations. the israelis and the americans are strongly opposed to it because they say this is an end run, runnin
rates from going up on the middle class now. >> we're not going to raise taxes on those people. i think we ought to go ahead and make that abundantly clear to everybody and take them out of the negotiations. >> reporter: bottom line, no deal yet. both sides are still talking. and both sides signaling that they're willing to give up something to get this done and get it done on time. tracie potts, nbc news, washington. >>> on the international front now, happening now,...
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Nov 30, 2012
11/12
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CNNW
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to the tax man. ouch. the missouri fellow, or woman, will pay $75 million to the tax man. i'm sure they'll be okay with that really. trust me. here's some perspective too as well. as we get set to dive over the fiscal cliff, january 1st and our tacks jump up, if these people had won just another month and a half later, guess what would have happened? their winnings would have been slashed by $8 million more, so there's the silver lining in the tax cloud. speaking of clouds, man, is it a mess on the west coast. it's just no let-up in the rain. karen mcginnis is here to talk about the pacific storm that are battering the region. the rain just keeps coming and coming. it's expected to dump four to eight inches on places that have already been deluged with six inches. yes. that spells flooding, doesn't it? >> it really does. this will be the big concern as we head towards the weekend. up and down the west coast from seattle to san diego, they're being impacted by fierce winds, heavy rain, and it looks li
to the tax man. ouch. the missouri fellow, or woman, will pay $75 million to the tax man. i'm sure they'll be okay with that really. trust me. here's some perspective too as well. as we get set to dive over the fiscal cliff, january 1st and our tacks jump up, if these people had won just another month and a half later, guess what would have happened? their winnings would have been slashed by $8 million more, so there's the silver lining in the tax cloud. speaking of clouds, man, is it a mess on...
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Nov 29, 2012
11/12
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KTVU
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he is due to meet to talk about how to avoid a series of tax heights and series of cuts due to begin in january. president barack obama said he will do whatever it takes to get this done and also today, president barack obama will have lunch at the white house with mitt romney, his former rival. during his election speech he said he would reach out to mitt romney and he is doing it. the white house has no specific ideas but they are looking forward to making the government work more efficiently. >>> there is an accident in the east bay, a big-rig slammed into three parked cars and has spilled diesel. it slammed into these cars here and the fire department is trying to mop up the diesel fuel spill. this is right between san leandro and cost trough valley. and it is off of 162nd avenue and you can see that it has created quite a mess there, so the crews will be there for quite some time trying to contain this. it did happen almost an hour ago so they have been on the scene almost an hour ago. you can see traffic is flowing nicely in both directions and in san francisco, we have a look
he is due to meet to talk about how to avoid a series of tax heights and series of cuts due to begin in january. president barack obama said he will do whatever it takes to get this done and also today, president barack obama will have lunch at the white house with mitt romney, his former rival. during his election speech he said he would reach out to mitt romney and he is doing it. the white house has no specific ideas but they are looking forward to making the government work more...
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Dec 4, 2012
12/12
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FOXNEWSW
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higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank? >>guest: one of the things, what we are seeing right now is the first evidence that companies' investors know the fiscal cliff is coming and when we get closer that is when the market will tank. >>neil: take your money and run. >>guest: for political pumps folks are willing to go over. that is dangerous much next year if we go over the cliff, all bets are off and we are in a recession. >>neil: you are not competent? >>guest: i don't like the way this is going. this is not two parties sitting down and saying we have a serious national proble
higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank?...
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Nov 30, 2012
11/12
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KCSM
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investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for exple, are doing jt that r lehman brothers re in germany, and today, they've been trying manthstify their massive fees. them as well. lehman' a grn b >> risky speculation on the u.s. housin mkeas in septemberpa collse then, its assets have ben liquidated and notnl d.subsidiaries were present in more than 40 of hman's german unihas fouone othn 'ssss e figr yrs, aun 10ttne a bkrtc on eimehodotal fs ul basig mewhe,edris te lmaroerfid rak srt brk. wh wco bk, btay rtedndurreby soie tnk ftang wh us. >> welcome back. epitfreom i spadg si the long crh pteer tangohe see tay >> riot police moved in to break ahr-mohrotest against a me n ba ine mpy. tnse said truckloads of police aiv tov u demonsators. activists say almost 50eonjed >>heig t pte war of burma'sraitnowd rerm b ctics the latest police action show jt w sneeho rctns are. >> many of the injured were
investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for exple, are doing jt that r lehman brothers re in germany, and today, they've been trying manthstify their massive fees. them as well. lehman' a grn b >> risky speculation on the u.s. housin mkeas in septemberpa collse then, its assets...
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adding tax hikes on dividends and capital gains. the white house wants 50 billion in new spending next year alone in a long-term deal that is supposed to be about cutting spending. >> not even $400 billion in cuts and they want to have this extra spending that is actually greater than the amount they're willing to cut. it was not a serious proposal. >> the president may have the upper hand because the fiscal cliff tops allow him to back the opposition into a corner by framing this as republicans raising taxes. >> if congress does othing, every family in america will see their income taxes automatically go up on january 1st. that is sort of like a lump of coal you get forchristmas. >> congressional democrats operating like they don't have to compromise on spending or taxes. >> elections have consequences. the president campaigned, made it very clear. made very clear that he was supporting tax cuts for the mile-class, thathe wanted the expiration of thetax cuts for the high end. >> very little progress among the inside player so ar, t
adding tax hikes on dividends and capital gains. the white house wants 50 billion in new spending next year alone in a long-term deal that is supposed to be about cutting spending. >> not even $400 billion in cuts and they want to have this extra spending that is actually greater than the amount they're willing to cut. it was not a serious proposal. >> the president may have the upper hand because the fiscal cliff tops allow him to back the opposition into a corner by framing this...
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Nov 29, 2012
11/12
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KCSMMHZ
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investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for example, are doing just that for lehman brothers here in germany, and today, they've been trying to justify their massive fees. >> lehman brothers creditors have not been happy with their demands, but there's good news for them as well. lehman's assets in germany turned out to be much higher than first thought. >> risky speculation on the u.s. housing market triggered the global financial crisis as well as the downfall of lehman brothers, once the world's fourth largest investment bank. in september 2008, the company collapsed and went bankrupt. since then, its assets have been liquidated and not only in the u.s. lehman brothers had a huge network in the financial world. subsidiaries were present in more than 40 countries, including germany. the bankruptcy administrator of lehman's german unit has found around 15 billion euros of assets. one of th
investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for example, are doing just that for lehman brothers here in germany, and today, they've been trying to justify their massive fees. >> lehman brothers creditors have not been happy with their demands, but there's good news for them as well....
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Nov 30, 2012
11/12
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the event is part of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the lead minee industry was in its heyday. he arrived by stagecoach, by train and arrived in this muddy mining town, boarded himself in a log cabin and slowly worked his way up and became a successful lawyer and got involved politically, ran for congress, search for 8 terms. he then befriended abraham lincoln, obviously from illinois, and ulysses s. grant, and as they were on the rise, he stayed with them as a close confidante and colleague during the civil war. after grant was elected president, he appointed washburn secretary of state. at that time, he became ill. his family feared for his life. after 10 days, he submitted his resignation to president grants. grant regretfully accepted his resignation. over the next several months, he regained his health, which was always fragile. grant offered him the position as minis
the event is part of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the lead minee industry was in its heyday. he arrived by stagecoach, by train and arrived in this muddy mining town, boarded himself in a log cabin and slowly worked his way up and became a successful lawyer and got involved...
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Dec 2, 2012
12/12
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FOXNEWSW
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it's the largest tax increase in american history. what i think we can do, and what would make the most sense since both sides seem to be dug in, let's build a bridge over the fiscal cliff, temporary bridge that says, you know, we will extend the tax cuts. you know, we'll reduce the spending cuts, especially in defense. we've going to do it for three months, six months. then we can have some time to look at this responsibly. remember, congress and the president never do anything that close to a good job if they are on a deadline or rush timetable. you know, we got obamacare because of that. that is going to prove a mess. we have gotten all kind of tax deals where things never really materialize. you know, ronald reagan had such a deal at the last minute in 1982, and out of every 100 cents of spending restraint he only got 75 cents because the deal was written so badly went need to take the time on this and not view december 31 as arbitrary deadline. >> jamie: it would be great if we did things in steps. i thought about this with the i
it's the largest tax increase in american history. what i think we can do, and what would make the most sense since both sides seem to be dug in, let's build a bridge over the fiscal cliff, temporary bridge that says, you know, we will extend the tax cuts. you know, we'll reduce the spending cuts, especially in defense. we've going to do it for three months, six months. then we can have some time to look at this responsibly. remember, congress and the president never do anything that close to a...
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they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners down the streets and i asked them about how they feel about how much tax they pay let's take a listen i'm not looking for us person these players such as think it should be fair across the board people should pay proportionately. from it really. feels like it's all going to the fact that some of. the communities are just. too good. looking to do so as you can see you know a lot of people are just extremely frustrated that they aren't getting any of their local services back it's demoralizing figure and as the government had promised to recognize marriage to provide some of these tax breaks they haven't done that yet and in the run up to christmas with prices on the rise food prices fuel prices just the price of heating a family's home this is very very bad news and a lot of people feeling extremely frustrated about it in
they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners down the streets and i asked them about how they feel about how much tax they pay let's take a listen i'm not looking for us person these players such as think it should be fair across the board people should pay proportionately. from it really. feels like it's...
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Nov 30, 2012
11/12
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FOXNEWSW
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if you look at the tax side, the president campaigned on raising taxes but high talked about raising them to the tune of $800 billion. instead, what was put on the table is double that, $1.6 trillion in new tax increases. the president, though, out there upsetting republicans because he is outcampaigning again and he said i missed being out here on the trail. so rather than negotiating with republicans he was on the road in pennsylvania and saying i ran on this in terms of raising taxes. it is time to collect. >> at the end of the day, a clear majority of americans, democrats, republicans, independents, agreed with a balanced approach to gift reduction and making sure the middle class taxes don't go up. folks agreed to that. now the good news is we are starting to see a few republicans coming around to it, too. >>reporter: nancy pelosi has a news conference and added that elections have consequences. the democrats now think they can push their agenda through but republicans are saying when the democrats ran on the balanced approach it was not just tax increases but spending cuts, as
if you look at the tax side, the president campaigned on raising taxes but high talked about raising them to the tune of $800 billion. instead, what was put on the table is double that, $1.6 trillion in new tax increases. the president, though, out there upsetting republicans because he is outcampaigning again and he said i missed being out here on the trail. so rather than negotiating with republicans he was on the road in pennsylvania and saying i ran on this in terms of raising taxes. it is...
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Nov 29, 2012
11/12
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KPIX
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lawmakers say raising taxes is controversial but it's the best option. they voted in berkeley to pay higher property taxes to fix roads and other problems in the infrastructure. so engineers say at this point it could be a cautionary tale. pay up now or pay more down the road. cate caugiran, cbs 5. >> thank you. >> go to cbssf.com/weather to see hi-def doppler in your own neighborhood. >>> 5:06. let's check the roads. >> it's dry for now. yesterday we had so many accidents with the rain and wind. for right now the camera holding steady. 880 through oakland no major wind advisories this morning. we did have an accident northbound 880 at high street. it is now clear. so quick trip all the way up between the oakland coliseum and downtown. otherwise the golden gate bridge doing lane changes now so in the meantime you will notice closures in that southbound one commute towards doyle drive. highway 121 at 128 the northbound lane of 121 is block. they are working to clear it now. the accident has been there since 3:30 this morning. and in san francisco, the gre
lawmakers say raising taxes is controversial but it's the best option. they voted in berkeley to pay higher property taxes to fix roads and other problems in the infrastructure. so engineers say at this point it could be a cautionary tale. pay up now or pay more down the road. cate caugiran, cbs 5. >> thank you. >> go to cbssf.com/weather to see hi-def doppler in your own neighborhood. >>> 5:06. let's check the roads. >> it's dry for now. yesterday we had so many...
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Nov 30, 2012
11/12
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CSPAN
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the clinton tax rates. others can speak to what it was under reagan, but the clinton tax rates that enabled the price sector to create 20 a and jobs and unable the success to thrive in our country, i think it comes down to the question, we say to the speaker of the house, the senate has passed a bill to increase middle-class tax cuts. democrats are ready to support it. why? why are you holding this up? thank you. >> for more information about the fiscal clef, visit our web site c-span.org. >> friday on washington and now,norman ornsteein.. tax credits on family and businesses that would be impacted if congress does not impact the fiscal cliff. >> the program began, one of the and as as to president franklin roosevelt, to document conditions under which people were living. this is when we did talk have television. have of places didn't electricity said they couldn't listen to the radio broadcasts to find out what was happening and a parts of the country. he was the head of this project. 1939 when kodak had a
the clinton tax rates. others can speak to what it was under reagan, but the clinton tax rates that enabled the price sector to create 20 a and jobs and unable the success to thrive in our country, i think it comes down to the question, we say to the speaker of the house, the senate has passed a bill to increase middle-class tax cuts. democrats are ready to support it. why? why are you holding this up? thank you. >> for more information about the fiscal clef, visit our web site...
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Dec 4, 2012
12/12
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we can get a tax rebate up to about 3,000 u.s. dollars. >> translator: we'll buy an ecocar because it saves energy, it's not so expensive, and covered by the government's tax rebate program. >> reporter: japanese automakers plan to boost production in thailand. the country is one of the most important manufacturing hubs. they are betting economic growth and prosperity will continue to rise across. asean as the prue group moves towards creating an economic community in 2015. >> translator: southeast asia's auto industry should enjoy 7% to 8% growth similar to china over the next four or five years. compared to other countries in the region, thailand is the leader in auto production and has the soundest supply chain. >> reporter: thailand's auto industry has a goal of producing 3 million cars a year within the next five years. even after the flux of 2011. the country remains in the driving seat of the fast-growing auto market. busaba sivasaboom, nhk world, bangkok. >> that wraps up our bulletin. i'm patchari raksawong in bangkok. >>
we can get a tax rebate up to about 3,000 u.s. dollars. >> translator: we'll buy an ecocar because it saves energy, it's not so expensive, and covered by the government's tax rebate program. >> reporter: japanese automakers plan to boost production in thailand. the country is one of the most important manufacturing hubs. they are betting economic growth and prosperity will continue to rise across. asean as the prue group moves towards creating an economic community in 2015. >>...
SFGTV: San Francisco Government Television
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Dec 5, 2012
12/12
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SFGTV
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is there an upper limit to how much of these tax exempt obligations can be let out? >> there is no upper limit at the local city level. i don't believe there is an upper limit on the federal level either. it's a transaction that is between the borrower and the lender. and, so, as you mentioned, the resolution merely approves the financing to proceed on a tax exempt basis. >> okay. so, there's no kind of limit to the number or the amount of tax exempt bonds that are let out i guess in the general market. that's just a general question. if you don't have the answer, if you can find out that would be great. >> sure. and again the resolution is for not to exceed 32 million for this project. >> right. will the san francisco friends of school, do you think that you might be able to come up and speak briefly to what this would go towards? just for the benefit of the public. >> thank you, supervisor kim. my name is paul galvin. i'm the director of finance and operations for san francisco friends school. in november 2007, the city and abag approved $24 million in a credit enh
is there an upper limit to how much of these tax exempt obligations can be let out? >> there is no upper limit at the local city level. i don't believe there is an upper limit on the federal level either. it's a transaction that is between the borrower and the lender. and, so, as you mentioned, the resolution merely approves the financing to proceed on a tax exempt basis. >> okay. so, there's no kind of limit to the number or the amount of tax exempt bonds that are let out i guess...
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Dec 1, 2012
12/12
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KCSM
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president obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed mainly by the rescue package for greece, but at this last trading day of the week, trading has been quite low. the positive trend continued, although there has been some bad news coming in, like the record high unemployment rate in the euro area and the fact that u.s. consumers spend less money in october. nevertheless, the mood is fine. investors hope the fiscal cliff in the u.s.a. can be avoided. >> let's get a closer look at friday's trading. with all that uncertainty in washington, traders were playing it cautious. in germany, the blue-chip dax broke a bit of a winning streak, only gaining fractionally. e
president obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed mainly...
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Nov 29, 2012
11/12
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FBC
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why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not wanting to raise taxes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mean -- >> it doesn't go on. it does not go on. here's the good news. all the people who last week and said we might raise taxes under certain circumstances with the same people who said that two years ago. and every news media outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced you areefor tax increases and we will tell everyo
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not...
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Nov 29, 2012
11/12
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FOXNEWSW
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additional tax increases equal to $600 billion. 2009 level estate tax. multiyear stimulus package starting with at least $50 billion next year alone. permanent increase in the debt ceiling, the debt limit enough to avoid it. in exchange, $400 billion in savings from the medicare and other entitlements to be worked out next year with no guarantees. that didn't go over well. syndicated columnnist charles krauthammer. what is going on here? >> you know, up until today i didn't think -- i did think that the president had shown leg on entitlement reform. he did no 2011. when the house speaker failed to reach a grand bargain. you heard signals from dick durbin said on the sunday shows that medicare had to be on the table. he circled back and say it couldn't be part of the down payment. a lot of confidence that the president is willing to go over the cliff before he would do anything to entitlement. this is the -- the ball is in the democrats' court, not in the republicans that i spoke to today. did say that the administration proposal just as boehner said is n
additional tax increases equal to $600 billion. 2009 level estate tax. multiyear stimulus package starting with at least $50 billion next year alone. permanent increase in the debt ceiling, the debt limit enough to avoid it. in exchange, $400 billion in savings from the medicare and other entitlements to be worked out next year with no guarantees. that didn't go over well. syndicated columnnist charles krauthammer. what is going on here? >> you know, up until today i didn't think -- i did...
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Nov 30, 2012
11/12
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KPIX
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the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists the president won't sign any bill that doesn't include higher taxes for top earners. >> this shouldn't be news to anyone on capitol hill. >> reporter: the white house called the proposal an opening bid, republicans called it a joke. now republicans have not yet put any comparable plan on the table. they seem willing to accept half the revenues the president is looking for but they want far more in spending cuts. >> susan mcginnis getting us started on this friday. susan, thank you so much. the president insistent that any budget deal include higher taxes for high earners doesn't sit well with most small business owners. >> reporter: kevin green owns two flower and gift shops in alexandria, virgi
the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists the president won't sign any bill that doesn't include higher taxes for top earners. >> this shouldn't be news to anyone on capitol hill....
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>>reporter: it is a nonstarter if they reject continuing the upper income tax cuts. the republicans say the plan cuts the deficits by $4.6 trillion based on the white house method of counting based on the recommendations of the president's deficit reduction commission but the president could disagree. the republicans say the plan would raise $800 million through tax reform but not by phasing out the upper income bush tax cuts and before the plan was announced, white house press secretary insisted the rates will not make it to the new year. >> he will not sign a bill that extends those tax rates for the top 2 percent. we cannot afford it. it is not wise economic policy. not wise fiscal policy. it would defeat the principle of balance that he has embraced. >> the president wrapped up an hour long twitter session promoting what he called a balanced approach, as far as deficit reduction. >>shepard: is this posturing? >>reporter: well, it is, this great measure. each side wants to blame the other. and not just if we go over the cliff, but if they do reach an agreement, ea
>>reporter: it is a nonstarter if they reject continuing the upper income tax cuts. the republicans say the plan cuts the deficits by $4.6 trillion based on the white house method of counting based on the recommendations of the president's deficit reduction commission but the president could disagree. the republicans say the plan would raise $800 million through tax reform but not by phasing out the upper income bush tax cuts and before the plan was announced, white house press secretary...
SFGTV2: San Francisco Government Television
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Dec 3, 2012
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so far, the tax code is really segmented largely for personal and business taxes. the sharing economy presents a nuanced situation. individuals are not businesses but are enjoying a new stream of income. we are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task rabbit, we're looking to partner with the city and generate more awareness around what we do and how consumers and small businesses can get involved. we have a lot of small businesses utilizing the network as a delivery force or on demand labor force, particularly with seasonal businesses. they do not want to have to hire a bunch of full-time employees for a month or two of work. they're able to utilize the task private network to scale up and down. another case we see is for deliveries. suzy cakes uses task rabbit to get her goodies out. these tasks rabbits are using their own vehicles
so far, the tax code is really segmented largely for personal and business taxes. the sharing economy presents a nuanced situation. individuals are not businesses but are enjoying a new stream of income. we are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task...
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you said, i'm all for the wealthy paying more taxes. so i'm curious, since you've said that, why the reduck tans to just raise the tax rate on the wealthy? >> it destroys growth of the very people who are going to create additional revenues in the future. >> why say you would be all for it? >> i didn't ever say -- not one timedy say i was for raising tax rates on the wealthy. i said i was for increasing the taxes that the wealthy paid. how you do it will have a major impact on the economic fortunes of this country. and if you take the vast majority of small businessmen who will be hit with an increased tax rate, you're going to markedly decrease the job creation and capital formation in this country. >> let me ask you another question, one of the things we talked about on both sides, i think it's fair to say is the lack of details. and second geithner was out trying to defend some of the details in his plan over the weekend. this letter also has very few details. i'm curious to know exactly what loopholes, what deductions would you kill
you said, i'm all for the wealthy paying more taxes. so i'm curious, since you've said that, why the reduck tans to just raise the tax rate on the wealthy? >> it destroys growth of the very people who are going to create additional revenues in the future. >> why say you would be all for it? >> i didn't ever say -- not one timedy say i was for raising tax rates on the wealthy. i said i was for increasing the taxes that the wealthy paid. how you do it will have a major impact on...
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prior to taxes. which is greater than the estimated net worth of kanye, and eli manning, and johansson combineed. trace has the news live in washington. account winners remain anonymous can you? >>trace: they can remain anonymous in five states. but in missouri and arizona, they are not among the states so barring a back door legal maneuver we will find out the winners' name and the winners' hometown. the lottery recommends you take a little time, you think about some plans, practice telling your family "no" and you come forward and you celebrate. in arizona there is no power wall in california, utah, and nevada so the winner in arizona may not be from arizona because people were flooding over to see if they could play with that jackpot. arizona gets $25,000, the store that sold the ticket and in missouri they get $50,000, and that is strictly because of state regulation. nothing else. >>shepard: this lottery created a bunch of millionaires. >>trace: on top of the two huge tickets, there were eight o
prior to taxes. which is greater than the estimated net worth of kanye, and eli manning, and johansson combineed. trace has the news live in washington. account winners remain anonymous can you? >>trace: they can remain anonymous in five states. but in missouri and arizona, they are not among the states so barring a back door legal maneuver we will find out the winners' name and the winners' hometown. the lottery recommends you take a little time, you think about some plans, practice...
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so can washington make a deal on the budget and avoid those tax increases? we're getting our first look tonight at president obama's proposal and the republican reaction. major garrett is at the white house for us tonight. major. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new aending. $50 billion next year in stimulus spending, all for infrastructure. the white house calls this an opening bid. house republicans call it a rehash of old ideas and also object to the idea of a white house asking a permanent legislative remedy to raising the debt ceiling, all of it, the republicans say rather, is unacceptable. now much of this w
so can washington make a deal on the budget and avoid those tax increases? we're getting our first look tonight at president obama's proposal and the republican reaction. major garrett is at the white house for us tonight. major. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next...
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taxes will go up on everybody. and republicans will instead be in a position of voting against middle class tax cuts. democrats bring such a bill to the floor. on sunday house minority leader signaled democrats may not wait saying in a statement, quote, if speaker boehner refuses to schedule this widely supported bill for a vote on democrats for a vote, democrats will introduce a discharged petition to automatically bring to the floor the senate passed middle class tax cuts bill, that bill that would pass the 98% automatically raise the rates to the clinton era for the top 2%. ultimately he has to bring out the best deal. this new negotiation strategy. it appears to have genuinely thrown republicans for a loop. >> the idea of a negotiation is roll over and do what i ask. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. the plan to entitlement reform is quite frankly a joke. >> a two-step deal in place. step one spending cuts and tax changes that would take effect in
taxes will go up on everybody. and republicans will instead be in a position of voting against middle class tax cuts. democrats bring such a bill to the floor. on sunday house minority leader signaled democrats may not wait saying in a statement, quote, if speaker boehner refuses to schedule this widely supported bill for a vote on democrats for a vote, democrats will introduce a discharged petition to automatically bring to the floor the senate passed middle class tax cuts bill, that bill that...
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if no deal is reached -- tax increases and effect. president obama says the people need to be part of the fiscal cliff debate. and today, he's taking his message on the road. >> i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> but republican lawmakers, question the president's decision to leave washington. >> in other words rather than sitting down with lawmakers of both parties and working out an agreement he is back on the campaign trail presumably with the same old talking points that we are all quite familiar with. >> mister obama assured the public he is doing his part. also sitting down with the c-e-o's and labor >> i am ready and able and willing and excited to go ahead and get this issue resolved in a bipartisan fashion so that american families and american businesses have some year. >> house speaker john boehner -- also remaining positive. >> republicans are committed t0continuing to work with the president to come to an agreeme
if no deal is reached -- tax increases and effect. president obama says the people need to be part of the fiscal cliff debate. and today, he's taking his message on the road. >> i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> but republican lawmakers, question the president's decision to leave washington. >> in other words rather than sitting down with lawmakers of both parties...
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there are more taxes and we'll expire the reduction on social security o taxes. that's going to happen anyway. buctt look. that's not the real issue at stake here. what we have going on with the country thanks to these politicians tearing each other apar ot or fighting as usual, ts last few days is critical. what has happened is the republicans want to step into the trap set for them by the democrats which is as the spider said to the fly, step into my parlor, on entitlements which was the headline in the jumper. meanwhile, the republicans have the biggest hammer available. when barack obama went out, he went out and overreached. this idea that he should set the debt limit. if i were the republicans, i would say stop everything. we're going to fight you. >> youg. know what i think? i think the republicans have a communication problem, and i'll tell you why. i was listening to some of the stuff, and when the president gets up, he talks about middle class families and the holidays. then the republicans stand up and say economy and the debt ceiling and the debt. you
there are more taxes and we'll expire the reduction on social security o taxes. that's going to happen anyway. buctt look. that's not the real issue at stake here. what we have going on with the country thanks to these politicians tearing each other apar ot or fighting as usual, ts last few days is critical. what has happened is the republicans want to step into the trap set for them by the democrats which is as the spider said to the fly, step into my parlor, on entitlements which was the...
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>>trace: when republicans say the higher tax rates will hurt small business? >>reporter: and that, cost jobs. the white house says only the top 2 percent or 3 percent of small businesses are affected republicans say those are the ones that create the vast majority of the jobs. speaker boehner suggests that capping deductions would actually protect the middle class. >> we have to cut spending and put revenues on the table. now, the revenues will come from, guess who? the rip. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >>reporter: the taxes will go up for those making moreover than $250,000 even if congress does nothing and also forren else but the polls suggest that the american will blame republicans. >>trace: thousands of workers are being laid off at a citigroup, slashing 11,000 jobs adding up to about 4 percent of the entire workforce. it is another cost-cutting move as banks continue to struggle after the rec
>>trace: when republicans say the higher tax rates will hurt small business? >>reporter: and that, cost jobs. the white house says only the top 2 percent or 3 percent of small businesses are affected republicans say those are the ones that create the vast majority of the jobs. speaker boehner suggests that capping deductions would actually protect the middle class. >> we have to cut spending and put revenues on the table. now, the revenues will come from, guess who? the rip....
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that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and it's only wednesday. >> right. >> reporter: they are going to go home. they are not going to be in session on thursday or friday. i asked the speaker whether that is got optics for the house to leave town while the fiscal cliff is so close in front of us and that is the answer, that he will be in town, ready, willing, and able to talk to the president at any time. so that was really the issue. the house republican leadership, i tell you, they say they simply don't have any legislation to put on the floor. that's why they are play sending their members home. they are hoping to get the mess
that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and it's only wednesday. >> right. >>...
SFGTV: San Francisco Government Television
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jenn just ran through those. 10 to 20 million annual direct tax few revenue to the city. over $50 million of one time impact fees and 60 million annually in new visitor spending. all of that again without any money from the city's general fund or any new taxes and last but not least we want to use this arena as an engineer to create a great new public space in san francisco. i know one of the great reactions we have gotten to the describe that they presented to you earlier and maybe to the surprise of many that over half of the 13 acres of the piers 30-32 site will be dedicated to public spaces that every citizen can enjoy. we're excited about it. i am happy to share the other 85 minutes of my enthusiasm with you at any time you're interested but thank you for your time today. >> okay. time for public comment. and for those that haven't been here if you could put your speaker card and give it to the commission secretary as you come up. please identify yourself. the first person is katie ladel -- >> excuse me commissioner. we need a motion first. >> so moved. >> second. >>
jenn just ran through those. 10 to 20 million annual direct tax few revenue to the city. over $50 million of one time impact fees and 60 million annually in new visitor spending. all of that again without any money from the city's general fund or any new taxes and last but not least we want to use this arena as an engineer to create a great new public space in san francisco. i know one of the great reactions we have gotten to the describe that they presented to you earlier and maybe to the...
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that the israeli government has taken is that they have frozen some one hundred million dollars in tax money that is welcome it's on behalf of the palestinian authority has built a painful blow to the p.a. because essentially can only cover around seventeen percent of its needs the rest of the money comes from this tax money comes from the united states from the european union if you look at the sick the population in this country they too are also unhappy they do not believe that the israeli prime minister netanyahu will go ahead with building these units they believe that it's almost a cheap it's by an attorney now who to try and gain support ahead of genuine elections and that this is an internal matter to try and really build votes in the middle now who government essentially sees this but and perhaps i should say not just in the technology government but many israelis feel that it was a one sided resolution that was put forward at the united nations and the point being made by the government is that they cannot be any kind of unilateral moves on the palestinian side they need to f
that the israeli government has taken is that they have frozen some one hundred million dollars in tax money that is welcome it's on behalf of the palestinian authority has built a painful blow to the p.a. because essentially can only cover around seventeen percent of its needs the rest of the money comes from this tax money comes from the united states from the european union if you look at the sick the population in this country they too are also unhappy they do not believe that the israeli...
SFGTV2: San Francisco Government Television
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we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite low because we are working with a client. we want to keep that low and as part of our mission. there is no application fee. if you are interested in an application or information, i have brochures, or you can give us a call. >> thank you. next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am loo
we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite low because we are working with a client. we want to keep that low and as part of our mission. there is no...
SFGTV: San Francisco Government Television
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can something be done with tax breaks? something to get modern elevators in these buildings? >> tax breaks are not my specialty. >> (off mic) not to pass the buck, by the financial and physical feasability, we have not seen this as a political issue. maybe we could organize around that. >> the councilmember suggestion of tax raises an interesting one. the technical challenge of replacing an existing elevator, the financial challenge of replacing it, we are talking about millions of dollars at times to do this type of work. it's complicated. >> thank you. >> chair: thank you. i lived in a 100-year-old building for 15 years. the elevator was never broken down. if you have enforcement, if the elevator breaks down and penalties apply that might be of assistance. >> if i could comment chairperson. one of the comments of councilmember -- is that older elevators have parts that have to be custom fabricated in order to make a repair. you do have the circumstance sometimes where you have a property owner who wants to make the fix to keep the elevator functioning but it can be out of s
can something be done with tax breaks? something to get modern elevators in these buildings? >> tax breaks are not my specialty. >> (off mic) not to pass the buck, by the financial and physical feasability, we have not seen this as a political issue. maybe we could organize around that. >> the councilmember suggestion of tax raises an interesting one. the technical challenge of replacing an existing elevator, the financial challenge of replacing it, we are talking about...